Warren Buffett says it's 'a win-win situation when the world trades'

Warren Buffett
(Image credit: Yuri Gripas/Getty Images)

Pushing back on President Trump's protectionist trade policies, billionaire Warren Buffett defended the value of exchange — especially between the U.S. and China — in his annual speech to Berkshire Hathaway shareholders on Saturday:

The United States and China are going to be the two superpowers of the world, economically and in other ways, for a long, long, long, long time. We have a lot of common interests, and like any two big economic entities, there are times when there will be tensions. But it is a win-win situation when the world trades, and China and the United States are the two big factors in that.It is a win-win situation. The only problem is when one side or the other wants to win a little bit too much. [Warren Buffett, via The New York Times]

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Bonnie Kristian

Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.